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The tax question has to be settled by the end of this year. The spending question does not, and the budget normally wouldn't be submitted until after the incoming Congressmen/Senators take office in January. Typically the president submits a budget by February.

The Federal fiscal year gives elected Congressmen, who begin office in January, time to participate in the budget process for the next fiscal year. After they start office, the President submits the budget for that next year by the first Monday in February. Congress, including the newly elected officials, has until September 30 of that calendar year to approve the budget. If it doesn't, then some non-essential government agencies may start to shut down. Usually Congress will enact temporary measures to keep the government running until they work out their disagreements about the budget.

For example, a new Republican majority was voted in during the mid-term Congressional elections in November 2010. They were able to participate in the FY 2012 budget, which was submitted by President Obama in February 2011, a month after they took office.

This Administration hasn't passed a budget or even had the Senate present one and turned down the House budget sent to the Senate in four years (Reid pockets everything from the House and is hated big-time), so what makes you think anything will change?

Boehner went to BO multiple times during 2012 knowing the 'fiscal cliff' was coming and wanted to start working on that, including the cuts, and BO refused to meet with him.

Republicans have been 'promised' cuts a number a times since Reagan days (until Clinton) by Dems and taxes get raised and no cuts show up.......Dems lie to get what they want. I don't expect anything different this time either.

BTW...."They were able to participate in the FY 2012 budget" is untrue....they offered, BO rejected every plan and idea and submitted his own and he couldn't get even one vote, including Dems on his budget.

Reid, with support from BO, is already trying to get the fillibuster rules done away with (or at least altered so badly that it may not even exist as we know it anymore). Funny how in 2005, both Reid and Senator BO had hissy fits over the fact that Republicans were just TALKING about that......and now both WANT it and are pushing to make it happen. Oh Goodie.......another power grab.

I actually agree with some of the Dems and Republicans who have no problem with letting the sh.. hit the fan Jan 1......Dems will blame the Reps as usual, but they blamed them for everything over the last four years already, even though they had full power for the first two of them and did nothing.